More Money Lost to Enemies and Fraud in Iraq, Afghanistan

Earlier this month, a special task force assembled by General David Petraeus released the findings from its investigation that determined approximately $360 million in U.S. tax dollars landed in the hands of those that the American military have been fighting for over a decade: Taliban, criminals, and power brokers. More recently, however, another commission determined that the figure is actually closer to $60 billion.

An independent panel, the Commission on Wartime Contracting-established by Congress in 2008- asserts that $60 billion in American tax dollars has been lost to waste and corruption in Afghanistan and Iraq within the last decade.

The Commission’s 240-page report asserts that the United States is expected to have spent beyond $206 billion by the end of the 2011 budget year on its operations in Afghanistan and Iraq. Of that $206 billion, it has determined that approximately 10 to 20 percent has been spent on “contracting waste” while an additional 5 to 9 percent of that total was absorbed by fraud.

Earlier this month, a special task force assembled by General David Petraeus (photo) released the findings from its investigation that determined approximately $360 million in U.S. tax dollars landed in the hands of those that the American military have been fighting for over a decade: Taliban, criminals, and power brokers. More recently, however, another commission determined that the figure is actually closer to $60 billion.

An independent panel, the Commission on Wartime Contracting-established by Congress in 2008- asserts that $60 billion in American tax dollars has been lost to waste and corruption in Afghanistan and Iraq within the last decade.

The Commission’s 240-page report asserts that the United States is expected to have spent beyond $206 billion by the end of the 2011 budget year on its operations in Afghanistan and Iraq. Of that $206 billion, it has determined that approximately 10 to 20 percent has been spent on “contracting waste” while an additional 5 to 9 percent of that total was absorbed by fraud.

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